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Proposed Amendments to the Articles of Incorporation to increase...

Orange California Proposed Amendments to the Articles of Incorporation to increase shares with exhibit

Name: Orange California Proposed Amendments to the Articles of Incorporation to increase shares with exhibit
Brand: US Legal Forms
Rating: 4.87 (462 reviews)

Category:

Corporations - Public - Anti-takeover

State:

Multi-State

County:

Orange

Control #:

US-CC-13-325

Format:

Instant download

Description

This is a Proposed Amendment to the Articles of Incorporation form, to be used across the United States. This particular amendment deals with ways to increase shares in a corporation. It is to be used as a model and may be amended in order to fit your specific needs.

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How to fill out Orange California Proposed Amendments To The Articles Of Incorporation To Increase Shares With Exhibit?

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FAQ

The number of authorized shares is typically higher than those actually issued, which allows the company to offer and sell more shares in the future if it needs to raise additional funds.

The Securities and Exchange Commission may reject the articles of incorporation or disapprove any amendment thereto if the same is not in compliance with the requirements of this Code: Provided, That the Commission shall give the incorporators a reasonable time within which to correct or modify the objectionable

Articles of Amendment are filed when your business needs to add to, change or otherwise update the information you originally provided in your Articles of Incorporation or Articles of Organization.

Authorized Capital Amendment means an amendment to the Neiman Marcus Certificate of Incorporation providing for an increase in authorized capital and the creation of a new class of low-vote common stock having one-tenth (1/10) of one vote per share.

The number of authorized shares can be increased by the shareholders of the company at annual shareholder meetings, provided a majority of the current shareholders vote for the change.

Usually, the number of shares that are authorized is much more than what is actually needed. This is to allow the company to issue stocks in the future when needed (as employee perks or perhaps as a secondary offering to raise more money).

Changing articles of incorporation often means changing things like agent names, the businesses operating name, addresses, and stock information. The most common reason that businesses change the articles of incorporation is to change members' information.

As can be gleaned from the foregoing, there are three (3) basic requirements for amending the Articles of Incorporation, namely: Majority vote of the board of directors. Written assent of the stockholders representing at least 2/3 of the outstanding capital stock. Approval by the Securities and Exchange Commission.

The number of authorized shares per company is assessed at the company's creation and can only be increased or decreased through a vote by the shareholders. If at the time of incorporation the documents state that 100 shares are authorized, then only 100 shares can be issued.

Increase of Authorized Capital Stock Certificate of Increase of Capital Stock signed by majority of the directors and certified by Chairman and Corporate Secretary of the stockholders meeting. Treasurer's Affidavit certifying the increase of capital stock, the amount subscribed and the amount received as payment thereto.

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Orange California Proposed Amendments to the Articles of Incorporation to increase shares with exhibit

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How to fill out Orange California Proposed Amendments To The Articles Of Incorporation To Increase Shares With Exhibit?

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FAQ

What does it mean to increase the number of authorized shares?

What are the grounds when articles of incorporation or Amendment may be disapproved?

What does it mean to amend the articles of incorporation?

What is a share capital amendment?

How do you increase authorized shares?

Why do companies increase the number of authorized shares?

Why do you amend articles of incorporation?

What are the grounds for amendment of articles of incorporation?

How do you increase number of shares?

How can authorized capital stock be increased?

Interesting Questions

What are the proposed amendments to the Articles of Incorporation?

Why does Orange want to increase the number of shares?

How will increasing the number of shares benefit Orange?

What is exhibit573138 and how does it relate to the proposed amendments?

Will the proposed amendments dilute the value of existing shares?

How will the proposed amendments affect current shareholders?

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